- August 27, 2021
- Posted by: admin
- Category: Blockchain
What are we talking about today?
In this article we want to introduce you to the world of digital innovation, what does this mean, how does it work with the new technologies and how does it apply to businesses in relation with their customers.
What is digital innovation and how it started?
Basically, digital innovation is the applicability of software technologies on existing business issues or methods. This process is continuously changing and growing, because it comes in different steps, every new one coming with new possibilities.
It started with Web 2.0 and it extended into smart mobile devices and access to high-speed internet. Everything that we now are connected to is the proof of upgrading to Web 3.0. But now we are in an era where a pandemic is living among us and the course to become fully digitally is closer than we expected.
Development of technology in business
Businesses and customers are moving online and due to this, it becomes a challenge to stay up high. Competition is more common, and every organization needs to become more analytical and predictive to better understand it’s customers behavior. But it doesn’t mean it’s harder to be in online that face to face. It has its perks, too! These exploring moments can help the business revenue grow and cut costs.
Although these changes come with breathtaking speed, some companies refuse to embrace the new technologies and therefore, they will be left in shadow by other businesses that have taken in the digital movement. The heads that oversee these changes should be smart, by thinking that they can be relevant and add value to their field. Innovation has many advantages like strong competition, that requires creativity, ROI improvement, efficiency as result of automation and digital solution, and growing revenue.
What is important to have in this moments?
These been said, we can say that data is very important, helping everyone get an insight regarding multiple questions that they had in mind- from who are my customers, what they enjoy and so on. Find out about new customers assumptions and how to communicate with them. Also, the develop of the employee productivity by automation or even remote working and the last, but the most important, security. Companies need to keep track about the security with so many cybercriminals going around.
Always keep in mind, that you need to combine the technology with your staff, process and always get a feedback on your work!
The workflow from the side of customers
From the customer side, this digital innovation is a perfect fit! Every customer wants to do/ have everything with not so much effort. With the smartphones in their pockets, they are one swipe away from service/product. So, their perception on this is that is easier to enter the digital era by simply working smarter and not harder. They understand the idea of security and productivity for both sides.
What did we understand from digital innovation
The conclusion is that it’s ignorant to think that digitalization is restrictive. Digital innovation is one of the most pertinent idea for the global marketplace. A lot of fields, even the mining or manufacturing have been hugging this concept and is working very well. The final question is not if, but when this innovation will become the day-to-day scheme.